Troutman Sanders

MARCH 4, 2024

On February 28, the FTC announced that it is launching a claims process for small businesses harmed by payment processing company First American Payment Systems’ undisclosed early termination fees. Businesses who paid an early termination fee are eligible to request a payment. The deadline to file a claim is May 28.

Financial services 52

Financial services Law Firms Acquisition Debt collector 52

True Accord

NOVEMBER 8, 2022

This certification helps technology companies build and launch payment solutions that meet Visa’s global standards around security and functionality. This distinction signals that TrueAccord’s debt collection solutions meet Visa standards and broader payments regulations.

Acquisition 108

Acquisition Financial services Collection Companies Collections 108

Fico Collections

SEPTEMBER 29, 2022

Telecommunication businesses are fighting hard with acquisition campaigns in a bid to win more trust, more business and new customers. Telcos and the Need for Risk-Aware Persona-Based Acquisition. Smart Contracting, Faster Acquisition and Consumer-Initiated Pre-Qualification. Wed, 09/28/2022 - 15:25. But it’s all about trust.

Acquisition 52

Acquisition Retail Debt Management Lender 52

Troutman Sanders

APRIL 13, 2023

During this episode, they examine various types of challenging work a general counsel faces, including managing regulatory and compliance matters; the nuances of working for public and private companies handling deals, such as mergers and acquisitions; initial public offerings; and navigating a myriad of litigation matters.

Financial services 52

Financial services Acquisition 52

Troutman Sanders

AUGUST 11, 2022

Associate Carlin McCrory is a regulatory, compliance, and payments attorney with experience representing financial institutions, fintechs, lenders, debt collectors, payment processors, neobanks, virtual currency companies, and mortgage servicers.

Credit Unions 52

Credit Unions Credit Unions Acquisition Financial services 52

On Guard

FEBRUARY 2, 2021

The fintech leaders have also started the new year strong with the recently announced acquisition of Dutch scale-up, Outstanding24, adding an innovative cloud solution for efficiently organising debtor management for SMEs to its portfolio. The last six months have also marked a period of strategic appointments within Visma | Onguard.

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Acquisition Credit Management Debtor 52

Re:Ceeve

JUNE 5, 2020

Deliver a poor customer experience (CX) and you’ll waste valuable resources and budget on acquisition only for them to take their business elsewhere next time around. There’s a major difference between a customer who has simply forgotten to make a payment and one who is dealing with financial hardship.

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Collections Acquisition Debt Management 83

Fraser

MAY 31, 2023

Burgee is an attorney at Fraser Trebilcock with over a decade of experience counseling clients with a focus on corporate structures and compliance, licensing, contracts, regulatory compliance, mergers and acquisitions, and a host of other matters related to the operation of small and medium-sized businesses and non-profits.

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Acquisition 77

True Accord

AUGUST 11, 2022

Financial literacy is an essential life skill that benefits people throughout their lives, but is often overlooked when it comes to what happens if a payment is late or missed. Financial literacy during delinquency is just as important as planning for the future—and can even play a big part in financial future-planning.

Acquisition 61

Acquisition Debt Recovery Education Student loans 61

Troutman Sanders

DECEMBER 30, 2020

This program will pay up to six months of delinquent rent or mortgage payments owed by individuals who meet certain eligibility requirements. The rental assistance comes in the form of the Polk County CDBG Mortgage and Rental Assistance Program. The $2,812,299.00 accepted by Polk County is part of the third round of CDBG-CV funds.

Acquisition 52

Acquisition Construction Banks Lender 52

Debt Collection Answers

MAY 18, 2023

The company is involved in the acquisition and management of portfolios of accounts from banks and consumer finance companies. As part of its commitment to responsible debt management, DNF Associates has developed its proprietary technology to maximize the returns on its portfolio acquisitions.

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Acquisition Garnishment Judgment Banks 52

Credit Management Company

JUNE 29, 2021

And, as technology changes, we need to offer our clients multiple modes of communication to make it easy for them to submit payments. Another change is all the mergers and acquisitions in the hospital sector. Sometimes, we’re on the positive end of those types of acquisitions, other times we can lose that business.

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Acquisition Healthcare Credit Management 52

Debt RR

APRIL 5, 2022

This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Nearly all businesses will accrue some outstanding debt from their inception, and it is inevitable for some of those debt payments to be past due. The post What is Commercial Debt?

Debt Consolidation 74

Debt Consolidation Acquisition Debt settlement Creditors 74

ABI

JANUARY 19, 2024

5] Showtime was to make periodic payments for each season, and was given “approval rights over creative elements and key personnel involved” while Vice Media agreed to write the show, supply the necessary staff and production equipment, and administer “licenses, releases, and contracts.” [6]

Bankruptcy 40

Bankruptcy Acquisition Debtor Collections 40

Fraser

MARCH 9, 2022

A stock purchase acquisition has different tax implications than an asset acquisition and will affect how the deal is structured. However, if the payment is made in stock and is properly structured, the transaction may be non-taxable. If the consideration is mostly cash or debt, then the transaction will likely be taxable.

Acquisition 40

Acquisition Manufacturing Retail 40

UK debt collections

DECEMBER 15, 2021

The profile of many highly successful debt collection agencies has risen due to the pandemic where it has seen late payment increase hugely for small businesses. As many as two in three Small Businesses have reported an increase in late payment in certain areas of the UK. Across the water, Ireland is facing a similar situation.

Acquisition 52

Acquisition Government Collection Agencies Collections Agency 52

Troutman Sanders

JANUARY 6, 2023

As background, the plaintiff incurred a debt for personal purposes and subsequently fell behind on her payments. 2190 (2021), found that the plaintiff did not have a concrete injury sufficient to confer standing based on the defendants’ unlicensed acquisition of the debt. Unifund CCR, LLC, et al., The court, looking to TransUnion v.

Debt collector 52

Debt collector Fair Debt Collection Acquisition Collections 52

Troutman Sanders

SEPTEMBER 13, 2022

On September 6, Acting Comptroller of the Currency Michael Hsu warned that fintech and big techs partnerships and their forays into payment and lending could lead to increased risk for the banking industry. “My Fintechs and big techs have stepped in, starting with payments but expanding well beyond that.

Banks 98

Banks Manufacturing Acquisition Government 98

Re:Ceeve

JUNE 12, 2020

While this may still hold some relevance during the acquisition stage, debt collection has started to move in a different direction. Now, overdue customers will refuse to speak to collectors by making use of caller ID or only make a payment as soon as they have the money, in an attempt to feel in control.

Collections 91

Collections Acquisition Retrieval Collection Agent 91

Fraser

JUNE 22, 2023

Form 720, as well as the attached Form 720-V to submit payment, must be used to report and pay the requisite PCORI fee to the IRS. Deadline and How to Report The PCORI fee is due by July 31, 2023, and must be reported on Form 720. Instructions are found here (see Part II, pages 8-9).

Acquisition 75

Acquisition 75

PDC Flow

JANUARY 25, 2022

From acquisition to customer service to payment, there are many steps where the system can break down. The contract management team should have a fast, efficient way to send and receive paperwork and up-front payments. Then, you can begin to create a better, more effective payment collection process moving forward.

Acquisition 77

Acquisition Collections Banks 77

Troutman Sanders

OCTOBER 15, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments.

Debtor 40

Debtor Debt collector Fair Debt Collection Acquisition 40

Collection Industry News

OCTOBER 27, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments.

Debtor 40

Debtor Debt collector Fair Debt Collection Acquisition 40

On Guard

JULY 15, 2020

London, 15 July 2020 – Onguard, the FinTech company dedicated to redefining the order-to-cash payment process, has announced the appointment of Andy Bass as New Business Development Manager as the company continues its UK expansion and exploits new opportunities in the region. Onguard expands UK sales team with addition of Andy Bass.

Acquisition 52

Acquisition Collections 52

Fico Collections

MAY 11, 2021

Credit risk industry veterans who managed consumer loan portfolios through the Great Recession can recall the challenge of responding to swiftly changing borrower payment behavior and the resulting delinquency and default rate volatility during that time.

Lender 52

Lender Acquisition Loans Collections 52

Fico Collections

APRIL 26, 2023

Because of the incredible growth of both RTP and scams (which is a topic I’ll address in depth in an upcoming FICO World 2023 panel discussion), banks must consider how this payments evolution is impacting customers. Consumer defection and acquisition are costly, as are customers who may maintain but cease to use an account.

Banks 52

Banks Education Financial Institution Acquisition 52

Fico Collections

MAY 11, 2021

Credit risk industry veterans who managed consumer loan portfolios through the Great Recession can recall the challenge of responding to swiftly changing borrower payment behavior and the resulting delinquency and default rate volatility during that time.

Lender 52

Lender Acquisition Loans Collections 52

Burr Forman

JUNE 17, 2021

This network has expanded and offers fast and cheap payment rails for international transfers, but it still has a long way to go before gaining mainstream adoption. In the end, it seems obvious that there will be many mergers and acquisitions between TradFi and DeFi.

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Financial Institution Acquisition Banks Government 98

Fico Collections

SEPTEMBER 23, 2022

introducing a highly competitive product to the market) with only a rough idea of what will happen, and then turning the tap off again (withdrawing the product from the market or reducing the rate) when balance acquisition targets are met. . Modelling Cannibalisation Flows.

Acquisition 52

Acquisition Financial Institution Banks Trade 52

On Guard

DECEMBER 6, 2021

As a framework for dissecting the customer journey, growth hackers often look at the so-called pirate metrics, also knows as the AAARRR funnel: Awareness, Acquisition, Activation, Retention, Revenue and Referral. 2 Research the payment behaviour of your customers . Another important aspect in this phase is the payment behaviour.

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Acquisition Credit Management Collections 52

Troutman Sanders

JANUARY 26, 2021

Uejio currently serves as the chief strategy officer, and he previously served as the acting deputy chief of staff and lead for talent acquisition. Uejio, a nine-year veteran of the CFPB, will lead the bureau in the interim until Chopra is confirmed by the Senate and sworn in.

Student loans 52

Student loans Student Loans Acquisition Debt collector 52

Fico Collections

DECEMBER 8, 2022

Credit risk management veterans who responsible for consumer loan portfolio risk management through the Great Recession can recall managing the challenge of responding to swiftly changing borrower payment behavior and the resulting portfolio delinquency and default rate volatility during that time.

Lender 52

Lender Acquisition Financial services Loans 52

Fico Collections

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. Payment scams reached unprecedented levels last year and look set to double by 2026.

Banks 52

Banks Financial Institution Financial services Acquisition 52

Jimerson Firm

DECEMBER 20, 2021

More recently, in 2021, Florida enacted the Combating Corporate Espionage in Florida Act, Section 812.081, Florida Statutes, which created criminal penalties for a person who steals or traffics trade secrets, and permits restitution, and injunctive relief or the payment of royalties. Uniform Trade Secrets Act. 812.081(7). 812.081(7).

Trade 98

Trade Acquisition Construction 98

Troutman Sanders

APRIL 25, 2022

Make disclosures concerning the risks associated with entrusting one’s cryptographic key information to a third party, such as theft or loss. The Bulletin requires entities that file with the SEC to comply with this updated guidance by June 15, 2022.

Acquisition 52

Acquisition 52

Fico Collections

JANUARY 13, 2021

Get the payment deferral reasons. Most institutions across the globe very quickly responded with programs to defer payments, either on their own or with regulatory directions. With this data, you can be in front of challenges – reach out to customers before payment challenges occur. After all, hindsight is 2020. .

Financial services 72

Financial services Acquisition Banks Healthcare 72

Fico Collections

AUGUST 21, 2020

Bust-out fraud perpetrated by individuals with either genuine or synthetic identities, running up high balances and intentionally defaulting after making a few normal-looking payments; up to 15% of debt that banks and issuers move into collections is actually the remains of bust-out fraud. Fraud rates have risen commensurately, as well. .

Education 52

Education Banks Acquisition Financial Institution 52